Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- Market Cap ₹ 910 Cr.
- Current Price ₹ 734
- High / Low ₹ 740 / 228
- Stock P/E 50.5
- Book Value ₹ 57.3
- Dividend Yield 0.01 %
- ROCE 24.2 %
- ROE 29.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.3%
Cons
- Stock is trading at 12.8 times its book value
- Company has high debtors of 158 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 47 | 98 | 124 | 126 | 173 | |
| 45 | 89 | 109 | 108 | 147 | |
| Operating Profit | 2 | 10 | 15 | 18 | 26 |
| OPM % | 4% | 10% | 12% | 14% | 15% |
| 0 | 0 | 1 | 1 | 4 | |
| Interest | 1 | 2 | 5 | 5 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 7 | 11 | 14 | 24 |
| Tax % | 35% | 37% | 26% | 26% | 25% |
| 1 | 5 | 8 | 10 | 18 | |
| EPS in Rs | 8.99 | 8.15 | 14.54 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 163% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 9 | 12 | 12 |
| Reserves | 4 | 19 | 9 | 41 | 59 |
| 16 | 22 | 52 | 52 | 60 | |
| 11 | 18 | 28 | 15 | 23 | |
| Total Liabilities | 31 | 59 | 98 | 120 | 155 |
| 1 | 1 | 2 | 5 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 9 |
| 30 | 58 | 96 | 115 | 138 | |
| Total Assets | 31 | 59 | 98 | 120 | 155 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -6 | -15 | -11 | -6 | 4 | |
| -0 | -0 | -1 | -4 | -18 | |
| 7 | 15 | 14 | 20 | 4 | |
| Net Cash Flow | 1 | -1 | 2 | 10 | -10 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 129 | 100 | 118 | 148 | 158 |
| Inventory Days | 99 | 123 | 287 | 268 | 191 |
| Days Payable | 93 | 68 | 151 | 75 | 80 |
| Cash Conversion Cycle | 135 | 154 | 254 | 342 | 269 |
| Working Capital Days | 24 | 66 | 42 | 109 | 116 |
| ROCE % | 31% | 29% | 21% | 24% |
Documents
Announcements
-
General Updates
8 August 2025 - Karnika Industries appoints EquiBridgeX Advisors as Investor and Public Relations Agency from Aug 8, 2025.
-
Copy of Newspaper Publication
26 July 2025 - Notice of 2nd AGM published in Business Standard and Ek Din on 26 July 2025.
-
Shareholders meeting
25 July 2025 - EGM to approve capital increase to ₹70 Cr, 4:1 bonus shares, managerial pay hike, and ₹50 Cr related party transactions.
-
Outcome of Board Meeting
15 July 2025 - Board approved Rs.70 Cr authorized capital, 4:1 bonus shares, and managerial pay hikes, subject to shareholder approval.
-
Outcome of Board Meeting-XBRL
15 July 2025 - KARNIKA INDUSTRIES LIMITED has informed regarding Outcome of Board Meeting held on 15-Jul-2025 for Bonus Shares
Business Overview:[1][2]
a) KIL is an ISO 14001:2015 certified manufacturing and trader of readymade garments for Babies, Boys and Girls and dress materials with its main products being Tops, Dresses, Denims, Leggings, Skirts and Ponchos
b) It manufactures products through job work.
c) Company does designing, preparation of sample, quality inspection, ironing and packing of garments